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Potential ways to benefit from SLK Global's expertise and resources
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Reduction in labor costs by leveraging our low cost resources
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Reduction in total cost to produce one order by outsourcing title indexing,
searches, examinations and other functions
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Turnaround time can be reduced significantly by using our 24x7 operations
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Achieve higher quality standards of 98% and above by leveraging our skilled
resources and efficient quality control procedures
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SLK Global is a one stop solution for title insurance back office services. We
serve 3 of the 4 largest U.S. title insurance underwriters and have experience
with most of the title plants and production platforms.
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Nearly 617,000 title searches completed
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More than 1.1 million tax reports processed
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Electronically stapled more than 2 billion images
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Nearly 25 million documents indexed
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Services Offered
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Title Searches
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Title Examination
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Abstract/ Commitment/ Policy keying
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Title Plant Building
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Tax Searches
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E recording
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Flood Zone Determination
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Products Supported
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Title Preliminary/ Commitment Report
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Title Search Reports
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Property Tax Reports
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Flood Insurance
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Title Production Services
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Title Searches
Searching the electronic title plant databases for the current and prior owners
in the chain of title, deeds, mortgages, judgments and liens, bankruptcies.
Preparing the report
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Ownership and Encumbrance Report (Current Owner Search Report or Property
Report)
- Search current date backward from present title holder and last deed for
consideration, to find a warranty deed or other arms-length transfer on the
subject property
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Ownership and Encumbrance Report for Two Owner Search - This report
involves a detailed title search on the last two owners in the chain of title of
the subject property. Report details like vesting deed, current tax status,
county assessment information, open mortgages, active judgments, active liens
and legal description. Historical searches can be done for up to 30 years
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Legal and Vesting Report - Property address and location information,
full legal description as per deed, tax status and vesting information
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Deed and Mortgage Report - Latest vesting deed and any open mortgages on
the property
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Liens and Judgment Search Report - Lists of active liens on the subject
property and judgments on an individual
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Commitment Report for Purchase and Refinance Transactions - Detailed
search on the current and prior owners on record, conditions, covenants and
restrictions, easement restrictions, any active liens and judgments, exceptions
and requirements that affects the issuance of the policy
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Bring Down/ Update Search/ Datedown - Update run or search on the subject
property from the date of last search to the latest effective date and report
all postings during this period
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City Lien Search - City lien searches confirm whether or not there are
any issues or liens attached to the property in question at city/ local level.
SLK reps email/ call/ fax the appropriate county or city officials and confirm
the current status of the property. This final search is usually performed a
week or two prior to closing, gives, buyers and lenders the confidence that all
issues have been addressed and they’ll avoid inheriting any unknown liabilities
before they purchase the property. Types of information collected:
- Open/ Pending/ Expired Permits
- Code Violations/ Liens
- Utility Account Balances
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Co-op Search
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Trustee Sale Guarantee Report
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REO Report
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Preliminary Title or Commitment Report Preparation
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A Preliminary Report is generated by conducting title search for current
ownership, outstanding deed of trusts, mortgages, liens, easements, covenants,
agreements, restrictions, and any defects, etc. using Title Plant applications
(DataTrace /DataTree/ TitlePoint etc.)
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Search Package - Search packet contains the chain of title prepared by
doing a title search. A search packet will contain the chain of title, Full
Value Deed, Taxes, Maps. This will be used as a base for preparing the Prelim or
commitment report
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Examination
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Abstract Keying - Key data on the title production system from the title
abstract in order to prepare the commitment report
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Abbreviated Prelim - Abbreviated prelim is prepared by examining the
search packet and is keyed into the production system. The only differentiator
from a full prelim is that these products are prepared with/without the use of a
starter
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Full Prelim - Full prelim is prepared by examining the search packet and
is keyed into the production system. These reports will need a starter for all
orders as the easements, CC&R’s and Leases are reflected
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Title Policy Preparation
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Keying the exceptions and other details in order to prepare the ALTA policy
document
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Property Tax Services
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We are a provider of tax services to many title agents, vendor management
companies and top title underwriters
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Current/ Delinquent Tax Information - Calling to verify current and
delinquent tax information on a property. We also verify tax sale and bankruptcy
information
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Tax Search Report - Determine the current status of real estate taxes
against a property
Report includes:
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Parcel Identification Number
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Tax year
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Tax Period (annually or installments)
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Tax ID#
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Date Paid and the Amount
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Delinquent taxes
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Assessed Value
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Homestead Exemption
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Building and Land value
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Title Plant Building
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Legal Indexing/ Title Indexing/Alpha Indexing - Capturing legal
description data, title information and other relevant details (grantor,
grantee, book, page, instrument type, recording date and legal description) and
posting the results to a title plant database
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Plat Edits/ Condo Edit - Capturing re-platted and condominium information
along with the legal information from documents to a database
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Fallouts/ Locates - Indexing the documents on the correct property index
by interpreting the legal description on the documents that did not get posted
initially
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Additional Services
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Legal Description Plotting
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Plotting the appurtenant easements and the easements on the property on the
assessor map
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Flood Insurance Services
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Flood Zone Determination - Determination of the flood zone severity
levels for any property in United States of America using the Property
Information Databases, GIS imaging, overlay software and Federal Emergency
Management Agency (FEMA) Flood Insurance Rate Maps (FIRM). Additional calls to
the local agencies if needed
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Life Of Loan (LOL) & Portfolio - Life-of-Loan flood services includes
monitoring and reporting of all changes in the flood hazard status of the loan,
required by lenders to monitor existing loans for possible changes in flood zone
status that may occur when the Federal Emergency Management Agency (FEMA)
re-maps or re-designates special flood hazard areas. This is also offered as
part of an evaluation of a portfolio of loans
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E Recording - Document images received from closing agents via electronic
transmission, are sent to the recorder's office online for recording. After
recording, we send the recorded copies of the documents to the closing agent
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QC Audit of Closing Package - A customized report produced from a
mini-audit to prevent rework, fraud and financial loss. Ensures all necessary
documents are properly executed per lender and underwriter requirements. A
completed findings checklist is returned to the customer
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Reconveyance Research/ Tracking and Payoff Processing
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HUD Statement Preparation
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